Latest news with #CabinetCommitteeonEnergy
Business Recorder
4 days ago
- Business
- Business Recorder
Pakistan committed to sustainable energy future: minister
ISLAMABAD: Federal Minister for Petroleum Ali Pervaiz Malik delivered a keynote address at the Ministerial Plenary session titled, 'Global Cooperation for a Resilient and Sustainable Energy Future' as part of the prestigious Baku Energy Week, emphasising Pakistan's commitment to a sustainable and resilient energy future. The event marked the 30th anniversary of the Baku Energy Forum, where Minister Malik congratulated Parviz Shahbazov, the energy minister of Azerbaijan and reiterated Pakistan's support for this effort and pledged to cooperate with this forum in every way in enabling this transition from a fossil fuel driven environment to more balanced fuel basket. Malik outlined Pakistan's strategic shift under the leadership of Prime Minister Shehbaz Sharif towards a balanced, inclusive, and sustainable energy paradigm. He highlighted that Pakistan fully understands that as we manage transition towards industrialisation, our demand will go up that needs to be complimented with the induction of renewable energy and renewable technologies into our energy landscape. Another important aspect is coherence in terms of policy evolution. For this purpose, the Cabinet Committee on Energy, chaired by the prime minister is being revived to ensure coordination between the Petroleum and Power Divisions, he said. He said that we are expanding our gas infrastructure by encouraging local exploration. We are grateful to the government of Azerbaijan and our friendly countries who are assisting us and helping us in the indigenisation of the gas resources. A lot of strategy initiatives are being taken on conservation part. Despite economic challenges, Pakistan is committed to making the gas sector sustainable by dismantling inefficiencies and implementing reforms. We are working to build a sustainable energy sector. Reform is the cornerstone of the prime minister's vision for a resilient energy future Energy Minister of Azerbaijan Shahbazov, Turkish Deputy Minister of Energy, and Director of Energy at European Commission Cristina were among the participants of the plenary session. Copyright Business Recorder, 2025
Express Tribune
4 days ago
- Business
- Express Tribune
Govt reaffirms energy reform commitment
Listen to article Federal Minister for Petroleum Ali Pervaiz Malik reaffirmed Pakistan's commitment to a resilient and sustainable energy future during his keynote address at the Ministerial Plenary session titled 'Global Cooperation for a Resilient and Sustainable Energy Future' at the 30th Baku Energy Forum. According to a statement released on Tuesday, in his speech, Malik congratulated Azerbaijan's Energy Minister Parviz Shahbazov and pledged Pakistan's full cooperation with the forum's transition agenda, which aims to shift from a fossil fuel-driven framework to a balanced energy mix. He emphasised Pakistan's strategic realignment under Prime Minister Shehbaz Sharif's leadership towards a more sustainable, inclusive, and coherent energy paradigm. Highlighting Pakistan's ongoing industrialisation, Malik noted that the country's rising energy demand must be met by integrating renewable energy sources and technology. To support this, he announced the revival of the Cabinet Committee on Energy, chaired by the prime minister, to enhance coordination between the Petroleum and Power Divisions and ensure cohesive policy evolution. The minister also detailed Pakistan's efforts to expand its gas infrastructure by encouraging local exploration, acknowledging the assistance of Azerbaijan and other partner countries in developing indigenous gas resources. He said conservation measures and reform initiatives are underway to dismantle inefficiencies and ensure long-term sustainability of the gas sector. "Despite economic challenges, Pakistan is committed to making the gas sector sustainable by dismantling inefficiencies and implementing reforms," Malik stated. "Reform is the cornerstone of the prime minister's vision for a resilient energy future." Attendees at the plenary included Azerbaijan's Energy Minister Parviz Shahbazov, the Turkish Deputy Minister of Energy, and Director of Energy at the European Commission Cristina Lobillo. Separately in Islamabad, Malik held a bilateral meeting with Rovshan Najaf, President of the State Oil Company of Azerbaijan Republic (SOCAR), to enhance energy cooperation between the two countries. The discussion focused on deepening bilateral ties, potential joint ventures, and attracting investment in Pakistan's oil and gas sector. Malik reiterated Pakistan's intent to strengthen partnerships with leading global energy firms and stressed the government's commitment to creating an investor-friendly climate. Najaf praised Pakistan's progress in the energy sector and reaffirmed SOCAR's interest in expanding cooperation with Pakistani stakeholders.
Business Recorder
5 days ago
- Business
- Business Recorder
Country committed to sustainable energy future: minister
ISLAMABAD: Federal Minister for Petroleum Ali Pervaiz Malik delivered a keynote address at the Ministerial Plenary session titled, 'Global Cooperation for a Resilient and Sustainable Energy Future' as part of the prestigious Baku Energy Week, emphasising Pakistan's commitment to a sustainable and resilient energy future. The event marked the 30th anniversary of the Baku Energy Forum, where Minister Malik congratulated Parviz Shahbazov, the energy minister of Azerbaijan and reiterated Pakistan's support for this effort and pledged to cooperate with this forum in every way in enabling this transition from a fossil fuel driven environment to more balanced fuel basket. Malik outlined Pakistan's strategic shift under the leadership of Prime Minister Shehbaz Sharif towards a balanced, inclusive, and sustainable energy paradigm. He highlighted that Pakistan fully understands that as we manage transition towards industrialisation, our demand will go up that needs to be complimented with the induction of renewable energy and renewable technologies into our energy landscape. Another important aspect is coherence in terms of policy evolution. For this purpose, the Cabinet Committee on Energy, chaired by the prime minister is being revived to ensure coordination between the Petroleum and Power Divisions, he said. He said that we are expanding our gas infrastructure by encouraging local exploration. We are grateful to the government of Azerbaijan and our friendly countries who are assisting us and helping us in the indigenisation of the gas resources. A lot of strategy initiatives are being taken on conservation part. Despite economic challenges, Pakistan is committed to making the gas sector sustainable by dismantling inefficiencies and implementing reforms. We are working to build a sustainable energy sector. Reform is the cornerstone of the prime minister's vision for a resilient energy future Energy Minister of Azerbaijan Shahbazov, Turkish Deputy Minister of Energy, and Director of Energy at European Commission Cristina were among the participants of the plenary session. Copyright Business Recorder, 2025
